Student Loan (Qarz-e-Hasna) Scheme for the session 2015-16

The Government of Pakistan in collaboration with commercial banks has re-launched a “student Loan Scheme” (Qarz-e-Hasna Scheme) aimed to financially support talented and deserving students of public universities who have insufficient means and cannot pursue their studies due to financial constraints. The advertisement of the scheme has already appeared in the daily newspapers of the February 28, 2016 inviting applications from students of weak financial background to submit their applications on prescribed form with supporting documents latest by Monday May 30, 2016. The details of the scheme can also be obtained from http://www.nbp.com.pk/studentloan

ELIGIBILITY

Under the scheme the students are eligible to apply for loans provided:

i)  He/She has obtained admission on merit through normal course/procedure in the approved Universities/Colleges of the public sector 

ii) He/She falls at the time of admission within the age bracket of:-

For Graduation Not exceeding 21 Years

For Post-Graduation Not exceeding 31 Years

For Ph.D Not exceeding 36 Years

iii) He/She has secured 70% marks in the last public examination.

iv) He/She is unable to pursue studies due to financial constraints.

TYPES OF LOAN: The loan facility will be available for entire duration of the study for:-

Schedule Fee, Boarding expenses excluding meal charges paid directly to the University

Procurement of textbooks --- Disbursed directly to the student

REPAYMENT The maximum period of repayment of loan is 10-Years from the date of disbursement of first installment. The borrower shall repay the loan in monthly installment after six months from the date of first employment or one year from the date of completion of studies, whichever is earlier.

For further information and downloading application form, the students may visit http://www.nbp.com.pk/studentloan

ONLY SUCH APPLICATION RECEIVED BY THE DESIGNATED BRANCHES ON OR BEFORE 30TH MAY 2016 SHALL BE ENTERTAINED.